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Finance
Latest Article 25 Oct 2024
Kenya’s crypto market growth: How KRA’s integration plan can boost revenue and transparency
The Kenyan cryptocurrency market has seen significant growth in recent years. Studies by blockchain analysis firms, such as Chainalysis, estimate that at least four million Kenyans own cryptocurrencies. Further, between 2021 and 2022, Kenya’s cryptocurrency market transacted about Ksh2.4 trillion, representing nearly 20% of the country’s GDP. Cryptocurrencies are digital currencies that are not […]...
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16 Sep 2024
Navigating the shift: eTIMS compliance and opportunities for businesses
Tax compliance and broadening the tax base are pivotal to the Kenya Revenue Authority’s (KRA) strategy for enhancing national revenue and ensuring equitable economic participation across all sectors...
2 Aug 2024
In Detail: Implications of the Court of Appeal Decision of the Finance Act, 2023 on the Country’s Fiscal Policy Approach.
The Court of Appeal this week pronounced itself on the constitutionality of the Finance Act, 2023, which was passed and assented to despite numerous concerns from various stakeholders, includin...
23 Jun 2024
The rise of clicktivism in Kenya: The need to balance digital activism with national interests
The debate around the Finance Bill 2024 ignited a flurry of conversations. Perhaps the most striking one was the firestorm on social media, demonstrating the burgeoning power of digital activism or cl...
24 May 2024
TRADE AND FINANCIAL SERVICES ROUND-UP.
Kenya Business registration agency takes over listing of trusts from Lands ministry The Business Registration Service (BRS), a State agency under the Attorney-General’s office, has assumed re...
19 May 2024
Kenya’s E-commerce landscape: Growth, challenges, and government’s strategic vision.
In 2023, to bolster the information and communications sector’s growth, the government, through the Communications Authority of Kenya (CA), reiterated its commitment to advancing electronic c...
19 May 2024
Finance Bill 2024: The new taxation model is a double-edged sword for Kenya’s alcohol industry.
The Finance Bill of 2024 seeks to bring significant changes to the landscape of alcoholic beverages. A notable shift proposed in this legislation is the adjustment of taxation from a flat rate per lit...
19 May 2024
Finance Bill 2024: Potential VAT and excise duty hikes threaten Kenya’s financial sector stability.
The Finance Bill 2024 portends a tightrope for the financial services sector. While the government is keen to bolster its coffers by implementing a raft of tax changes in the financial sector, ...
19 May 2024
IMF 6th reviews affirm Kenya’s economic resilience and emphasises critical reforms for sustained growth
In January 2024, the International Monetary Fund (IMF) concluded its 2023 Article IV consultation with Kenya, alongside reviews of the Extended Fund Facility (EFF) and Extended Credit Facility ...
9 May 2024
Africa’s trillion-dollar loss: Combating illicit financial flows through policy and advocacy.
Over the past 50 years, Africa is estimated to have lost more than $1 trillion in illicit financial flows (IFFs). This sum is roughly equivalent to all of the official development assistance received ...
9 May 2024
Institute of Public Finance Shadow Budget: Kenya’s 2024 budget prioritises debt service amidst fiscal constraints.
The KSh 4.1 trillion budget under the Kenya Kwanza administration marks the second fiscal plan in the current regime. The 2024 Budget Policy Statement (BPS) outlines a 4 percent increase from the prev...
4 May 2024
Java House tax dispute: Key lessons on taxation and compliance for businesses in Kenya.
The Kenya Revenue Authority (KRA) has ignited a heated dispute with private equity fund, Emerging Capital Partners Kenya (ECP Kenya), over a hefty tax claim of Sh773.8 million related to the 2017 sale...
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